Sunnyside Federal Savings and Loan Association of Irvington
Sunnyside Federal Savings and Loan Association of Irvington is an active SBA lender in New York, a bank offering SBA-guaranteed small-business loans. Currently rated 3.6 stars across 5 Google reviews.
$5M
in SBA approvals since 2015
9
SBA loans funded
Restaurants & Food Service · General Retail · Fitness & Recreation
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Sunnyside Federal Savings and Loan Association of Irvington
Sunnyside Federal Savings and Loan Association of Irvington offers comprehensive SBA loan services tailored to small businesses seeking financial support for growth and development. With a strong focus on community banking, this institution provides personalized lending options that cater to the unique needs of local entrepreneurs. Their SBA program history highlights a commitment to facilitating small business success through the SBA 7(a) loan program, which is ideal for working capital, equipment purchase, or real estate acquisition. The bank prides itself on its customer-centric approach, ensuring each client receives dedicated attention and tailored financial solutions. Whether you're starting a new venture or expanding an existing business, Sunnyside Federal provides flexible financing options to help you achieve your goals. Their experienced team guides borrowers through the application process, making it straightforward and transparent. With a record approval amount of up to $225,000, they are well-equipped to support a variety of small business needs. Located conveniently at 56 Main St in Irvington, NY, the bank maintains a focus on fostering local economic growth while offering competitive rates and terms. Their expertise in SBA lending makes them a reliable partner for small business owners looking for accessible and supportive financing options.
Common questions about Sunnyside Federal Savings and Loan Association of Irvington
What is this place and what can I find here?
This is a community-focused bank offering SBA loan programs and personalized financial services to small businesses in the Irvington area. You can find assistance with business financing, small business banking, and community development support.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank operates Monday through Friday from 9:00 AM to 5:00 PM. It's advisable to call ahead for specific services or appointment scheduling.
Is there a fee to use this?
There are no fees for visiting or consulting; however, loan processing and service fees may apply depending on the specific financial products.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within the Irvington community and surrounding regions.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally preferred, though specific requirements may vary based on the loan type and borrower profile.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and supporting documents.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Sunnyside Federal Savings and Loan Association of Irvington typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Sunnyside Federal Savings and Loan Association of Irvington to confirm current weekend availability before you go.
How do I get there and where do I park?
Sunnyside Federal Savings and Loan Association of Irvington is located in New York — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Sunnyside Federal Savings and Loan Association of Irvington, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Sunnyside Federal Savings and Loan Association of Irvington itself, which runs its own lending under its own ownership. If you work at Sunnyside Federal Savings and Loan Association of Irvington, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Sunnyside Federal Savings and Loan Association of Irvington — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Sunnyside Federal Savings and Loan Association of Irvington before applying. If you represent Sunnyside Federal Savings and Loan Association of Irvington, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Sunnyside Federal Savings and Loan Association of Irvington by phone at (914) 591-8000 or online at sunnysidefederal.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Sunnyside Federal Savings and Loan Association of Irvington before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Sunnyside Federal Savings and Loan Association of Irvington can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Sunnyside Federal Savings and Loan Association of Irvington directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Sunnyside Federal Savings and Loan Association of Irvington participates in SBA Express depends on its specific SBA lending authority. Contact Sunnyside Federal Savings and Loan Association of Irvington and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Sunnyside Federal Savings and Loan Association of Irvington can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Sunnyside Federal Savings and Loan Association of Irvington's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Sunnyside Federal Savings and Loan Association of Irvington directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Sunnyside Federal Savings and Loan Association of Irvington what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Sunnyside Federal Savings and Loan Association of Irvington to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Sunnyside Federal Savings and Loan Association of Irvington to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Sunnyside Federal Savings and Loan Association of Irvington weighs this case by case under its own policy, so be upfront about your history and ask Sunnyside Federal Savings and Loan Association of Irvington how it evaluates prior bankruptcies.
